Aug 24, 2021 04:41 PM IST
BharatPe aims to achieve an investment AUM of $100 million and a lending AUM of $50 million from 12% Club by the end of FY22. The upper limit for investments by an individual has been set at Rs 10 lakh, which will be increased to Rs 50 lakh over the next few months.
- Aug 19, 2021 05:42 PM IST
In the last of this two-part interview with Moneycontrol, Ashneer Grover, co-founder and managing director, BharatPe, talks about small businesses and lending during COVID times. He also reacts to the company's alleged one-man show culture.
- Aug 19, 2021 04:32 PM IST
In the first of this two-part exclusive interaction with Moneycontrol, Ashneer Grover, co-founder and managing director, BharatPe, talks about the future of lending, new consumer lending product PostPe, and much more. He believes the rate at which UPI transactions are growing, those doing cards business are headed for trouble.
- Aug 19, 2021 04:29 PM IST
The finetch startup has set a target to raise $700 million in debt over the next two years to facilitate this credit growth, Chief Executive Officer Suhail Sameer has said
- Aug 04, 2021 08:12 AM IST
BharatPe was previously valued at over $900 million barely nine months ago. Of the $370 million, the secondary component is $20 million, giving an opportunity for its angel investors and employees to cash out.
- Jul 29, 2021 10:12 AM IST
The development comes ahead of BharatPe’s plans with Centrum Group to take over the Punjab and Maharashtra Co-operative Bank
- Jul 19, 2021 07:40 PM IST
The ccompany which offers fin-tech solutions for merchants plans to offer superbikes and Apple iPads among other things to triple its technology team.
- Jul 16, 2021 05:19 PM IST
The application to the Zomato IPO was made on July 16 via the HNI segment through Kotak Wealth Management.
- Jul 15, 2021 03:31 PM IST
BharatPe, which is the third largest player in private point of sale (POS) category, is also working on ramping up its reach by five times and sell 'BharatSwipe' in 80 cities across India by the end of the ongoing fiscal year, a statement said.
- Jun 20, 2021 12:23 PM IST
Centrum Group Executive Chairman Jaspal Bindra says new promoters may not need 120 days to operationalise the bank, as he shares with Moneycontrol the new management’s plans for PMC Bank, recovering bad loans and more
- Jun 18, 2021 10:59 PM IST
In a telephonic interaction with Moneycontrol from the United Kingdom, Ashneer Grover, co-founder and chief executive officer of BharatPe, talks about the plans going forward.
- Jun 10, 2021 11:01 AM IST
While BharatPe did not comment on the deal size, it is expected to be in the range of $28-30 million.
- Jun 07, 2021 09:14 PM IST
The ICC partnership is an organic extension to BharatPe’s existing brand strategy centred around cricket.
- May 10, 2021 11:29 AM IST
BharatPe's last institutional round of funding happened in February which valued the company at $900 million.
- Mar 24, 2021 02:57 PM IST
As a compulsive investor, he is willing to talk to any startup founder and offer solutions using his own experience in a similar situation. Above all, as master of scaling up, he is keen to offer expertise, without any strings attached and minus an agenda
- Feb 12, 2021 12:58 PM IST
If the buyout succeeds, the plan is to turn PMC into a purely digital enterprise; will also help the company source cheap capital for lending
- Feb 12, 2021 12:26 PM IST
Ashneer Grover thinks BharatPe has achieved a lot but has a long way to go, the unicorn tag can be a distraction.
- Feb 11, 2021 01:44 PM IST
The round was led by existing investor Coatue Management. Other existing institutional investors, including Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo and Sequoia Capital, also participated in the round.
- Feb 11, 2021 09:17 AM IST
The funding round was led by the New York based hedge fund Coatue Management along with the participation of its six other investors including Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo and Sequoia Capital.
- Jan 18, 2021 07:11 PM IST
In an interview to CNBC-TV18, BharatPe said it was bidding for the lender with Centrum.
- Jan 05, 2021 03:15 PM IST
The first tranche of $100 million equity is targeted by March 2021
- Nov 26, 2020 09:44 PM IST
Currently, the company offers this product in 10 cities of the country and plans to ramp it up to 40 cities by the end of the current financial year.
- Oct 01, 2020 01:03 PM IST
At a time when traditional lenders have slowed down on their lending plans, fintech lenders like BharatPe have kept their taps on.
- Jun 18, 2020 12:14 PM IST
Agarwaal was responsible for BharatPe’s lending business, where it is currently disbursing about Rs 30 crore a month to offline retailers and merchants - the bulk of the company's customer base.
- Jun 01, 2020 12:49 PM IST
This is the fifth CXO position at BharatPe which has been steadily building its top leadership team to drive growth.